The first block trades mark debut of contracts designed to isolate and hedge Bitcoin volatility risk independently of price direction.

CME Group said on 4 June that trading has begun in its Bitcoin Volatility Index futures, with the first transactions executed as block trades involving DV Chain and Monarq Asset Management. The contracts enable market participants to trade and hedge exposure to Bitcoin Earlier in May, the Chicago-based derivatives exchange indicated the introduction of Bitcoin Volatility futures contracts . CME Group stated that the contracts enable market participants to trade and hedge exposure to Bitcoin